Transcription

2 Anttila Oy s share capital has been sold to 4K INVEST The transaction includes: 23 Anttila department stores in Finland 8 Kodin1 department stores for interior decoration and home goods in Finland NetAnttila.com and Kodin1.com online stores in Finland subsidiaries in Estonia and Latvia the company s central functions in Finland The transaction does not include the Kerava logistics centre. The date of the transaction is. 2

4 4K INVEST 4K INVEST is an investment fund registered in Luxembourg and managed in Munich, Germany. 4K INVEST is specialized in buying entities from international corporations in phases of strategic realignment. The 4K INVEST team has been acquiring and managing companies since 1992 and it actively manages its portfolio companies on a day-to-day basis. In the last years the management of 4K INVEST has completed the restructuring and successful IPO of Adler Modemaerkte, Germany, and Zielpunkt Austria and Woolworth Austria have been successfully restructured by the team. 4

5 Department stores operations and customer service will continue as usual The 1,500 employees will continue normally in the employment of Anttila Oy. The approximately 150 employees of the Kerava logistics centre will transfer to become employees of Rautakesko Ltd. Anttila Oy will continue to be normally responsible for its agreements and commitments. 5

6 Milestones in Anttila s history Today Top Ten entertainment department is one of Anttila s focus areas throughout the 1990s In 1952, Kalle Anttila starts mail order operations modelled on the US In 1996, becomes part of Kesko In 1954, the 1 st store of Anttila s own opens in Sörnäinen, Helsinki In 1976, Kalle Anttila sells Anttila to Tuko In 1977, a total of 20 stores Throughout the 1980s, Anttila continues to grow and opens new department stores The concept of Kodin1 department store for interior decoration and home goods is developed The 1 st Kodin1 department store opens in Vantaa in 1992 In 1999, as many as 31 Anttila and 5 Kodin1 department stores In 2000, as many as 7 Kodin1 department stores NetAnttila opens in 1999 and it still is a forerunner in Finland 6

7 Divestment will improve Kesko s profitability Anttila Oy s net sales in 2014 were 324 million and the operating loss excluding nonrecurring items was -64 million. Transaction price 1 million Kesko will record an approximately -130 million non-recurring item for the first quarter of 2015 relating to the financing, working capital and fixed assets of Anttila. Divestment will make Kesko a more focused operator. 7

8 Kesko s outlook for 2015 has been updated due to Anttila s divestment Kesko s net sales for 2015 are expected to be lower than the net sales for 2014 and the operating profit excluding non-recurring items for 2015 is expected to exceed the operating profit excluding non-recurring items for In the financial statements release published on 10 February 2015, the guidance was that net sales for 2015 are expected to equal the level of 2014 and that the operating profit excluding non-recurring items for 2015 is expected to equal or fall slightly short of the level of

Transport and Tourism 2012 Accommodation statistics 2012, July Nights spent by resident tourists decreased by 4 per cent in July 2012 The number of recorded nights spent by resident tourists at Finnish

Financing from Finnvera for enterprises in situations of change Financing from Finnvera for enterprises in situations of change Finnvera provides financial solutions for the start-up, growth and internationalisation

2 MOMENTOUS YEAR 214 The year 214 was an especially momentous one for Are. In the summer we acquired Lemminkäinen s building services business and as a result became the largest building services provider

Bussiklubi (B) Contract period 1.5.2015-30.4.2016 Booking and cancellation terms (annex 1) RATES The Rates are for the Relevant Validity Period and are applicable to all individual and group bookings in

GENERAL AGREEMENT ON TARIFFS AND TRADE RESTRICTED GPR/Spec/69 14 August 1992 Informal Working Group on Negotiations on Government Procurement NEGOTIATIONS ON GOVERNMENT PROCUREMENT Offers Attached is a

Orientation to Finnish Innovation System Best Practices Finland Population 5.3 Million Area 131.000 sq.miles, of which 10% is water, forests cover 68% of the country Female president Tarja Halonen, 38%

KESKO S YEAR 2011 KESKO GROUP 1 Kesko in brief 2 The year in fi gures 4 Events in 2011 6 Review by the President and CEO 8 Vision and values 9 Strategic objectives DIVISIONS 14 Food trade 18 Home and speciality

Mercantile a Finnish family company serving entrepreneurs and businesses since 1901 MERCANTILE GROUP 2015 Mercantile Group in 2015 At the Mercantile Group, our objective is to help our customers grow and

THE ANNUAL REPORT OF THE CRIMINAL SANCTIONS FIELD 2008 THE ANNUAL REPORT OF THE CRIMINAL SANCTIONS FIELD 2008 Duties and goals of the criminal sanctions field...1 Organisation...1 Management review...2

Operating in the network: Advantages and disadvantages 24.11.2010 Leena Silvennoinen Content 1. Where does this speaker come from? 2. Why networking 3. How to 4. Examples Development company of Helsinki

SF The European Finland of European Social Fund 2000 2006 information, employment, know-how,entrepreneurship and equality What is the European Social Fund? The European Social Fund (ESF) is the most important

EUA Conference Research in European Universities: Strategies and Funding Uppsala 20-22 October 2005 Cooperation between Universities and Industry in Finland Rector Lauri Lajunen University of Oulu Finland

kesko group KesKo s year 2013 kesko 2013 I kesko group KesKo group 1 Kesko in brief 2 Review by the President and CEO 4 Vision and values 6 Strategic themes 10 Kesko s business model 11 Trends in the retail

WILL POWER FROM FINLAND MAKE SUCCESSFUL BUSINESS IN SEINÄJOKI REGION! THE BEST IN FINLAND! They say that a vision is good only if it lifts your eyebrows more than one inche. Our vision is of that sort:

Effective transport connections for a thriving Finland A more efficient transport system The role of the FTA is to develop the road, railway and waterways networks into an integrated and efficient transport

+2 new opened at the beginning of 2016 5 OFFICES 31 December 2015 NUMBER OF PERSONNEL 508 OF WHICH 203 NEW EMPLOYEES EXPENDITURE 207M REVENUE 8.7M IN SEPTEMBER, A REGISTRATION CENTRE WAS OPENEDN IN TORNIO

University Properties of Finland University of Oulu Campus development 24.4.2013 Aki Havia Suomen Yliopistokiinteistöt Oy University Properties of Finland Ltd. University Properties of Finland was founded

TECHNOPOLIS GROUP Q2/2011 Technopolis Group A profitable growth company A real estate-service hybrid Business environments for knowledge-intensive companies Our specialty is the creation, management and

How to promote NSPA in a national setting? Mr. Jussi Yli-lahti Director of Regional Development Ministry of Employment and the Economy Regional Department NORTHERN SPARSELY POPULATED AREAS Population density

Studia Generalia: Business in St. Petersburg experiences of SRV Turku School of Economics 21.11.2013 Mikko Söderlund The Contents SRV Group plc - General Presentation Food for Thought: The Russian Economy

Certificate No: 169333-2014-AE-FIN-FINAS Initial certification date: 06 July 2001 Valid: 22 February 2016-03 April 2020 This is to certify that the management system of Stora Enso Oyj, Division Wood Products

Mari Rantanen Born 1956 in Helsinki, Finland Professor at the Royal Academy of Fine Arts, Stockholm, 1996-2006 Education: 1982-83 Pratt Institute, New York USA 1975-79 School of the Finnish Fine Arts Academy,

Kesko is the leading provider of trading sector services and a highly valued listed company. It operates in the food, home and speciality goods, building and home improvement, and car and machinery trades.

University Consortium of Pori (UCPori) April 7th, 2015 What is a University Consortium? University Consortium means a centre of consolidated university activities on the same area, where universities cooperate

The business idea and a consumer market research of a new wedding planning website called PerfectDay Lindqvist, Hanna; Ritakoski, Taru 2014 Leppävaara Laurea University of Applied Sciences Leppävaara The

What is KATAJA? KATAJA is a Finnish doctoral program in business studies and a network doctoral program The central function of KATAJA is to offer education with high international standard to the students

Ekahau Innovation Through Location 1 Ekahau Overview The leading provider of software-based asset and people tracking solutions for enterprise Wi-Fi networks Privately owned U.S. Delaware Corp, with HQ

SUOMEN LÄHIKAUPPA OY FINANCIAL STATEMENTS 2008 2 REPORT BY THE BOARD OF DIRECTORS Development of the business environment According to the Research Institute of the Finnish Economy (ETLA 2008/2), in 2008,

Technical Building Services Professionals 31 May 2016 One of the Largest in Finland Our name brings together two groups of companies that have seen rapid growth in the past decade: Quattro Mikenti Group